From: lindylb@earthlink.net [mailto:lindylb@earthlink.net]
Sent: Tuesday, October 19, 2004 11:16 PM
To: Comments
Subject: RIN 3064-AC50
Re: Preserving the Community Reinvestment Act Mr. Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ESS
Federal Deposit Insurance Corporation
550 17th Street NW
Washington, DC 20429 Dear Mr. Feldman: As a citizen, a very small busines
owner and an investor in American stocks, I am aware of the vital role
played by CDFIs in revitalizing communities through affordable housing and
small business startups. The Community Reinvestment Act has provided banks
with an important incentive to work with CDFIs and provide vitally needed
capital to struggling communities. I urge you to WITHDRAW the FDICs rule
proposal that would allow midsize banks to pursue only one of the three
important community development activities they are now required to
undertake: lending, investment, and services. I believe that this misguided
rule would mean a devastating reduction in support for the essential work of
CDFIs, resulting in fewer small business start-ups, fewer community jobs,
fewer affordable homes, and fewer community services. Yours Sincerely, Ms.
Lindy Beasley, Consultant Emerging Practices 131 Barbaree Way Tiburon, CA
94920Ms. Lindy Beasley